The forecasted data for cheese human domestic consumption in Canada shows a consistent upward trend. In 2023, actual consumption stood at 580.0 thousand metric tons. For 2024, the forecasted value is 586.0 thousand metric tons, indicating a year-on-year increase of approximately 1.03%. This upward trend continues with estimated values of 591.0 thousand metric tons in 2025 (up around 0.85%), 597.0 thousand metric tons in 2026 (up around 1.01%), 602.0 thousand metric tons in 2027 (up around 0.84%), and 607.0 thousand metric tons in 2028 (up around 0.83%). The compound annual growth rate (CAGR) over the forecasted five-year period is roughly 0.93%.
Future trends to watch for:
• Potential impact of changing dietary preferences towards plant-based products.
• Possible economic factors influencing consumer spending on cheese.
• Effects of advancements in cheese production technology improving supply efficiency.
• Shifts in trade policies and their impact on cheese imports/exports in Canada.
